Macro trends suggest that a global economic crisis could be looming. Worries about a global recession have been fed by the newly published GDP report showing that China grew at its slowest rate last year since 1990. If a global recession were to happen in the future, many believe that digital money would benefit

IMF Sees Serious Slowdown

There are a number of indicators pointing to a potential economic downturn. In its World Economic Outlook, the International Monetary Fund (IMF) warned a no-deal Brexit could be a severe shock to the British economy.

An escalation of Trump’s trade war with China is also another threat.

The IMF has shared its financial market sentiment stating: “Escalating trade tensions, together with concerns about Italian fiscal policy, worries regarding several emerging markets, and, toward the end of the year, about a U.S. government shutdown, contributed to equity price declines during the second half of 2018.

A range of catalyzing events in key systemic economies could spark a broader deterioration in investor sentiment and a sudden, sharp repricing of assets amid elevated debt burdens.”
Statistics released on Jan. 21 show China’s GDP growth slowed to 6.6 percent year on year in 2018, the slowest pace since 1990.

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